Integrated Launchpad Solution SuiPad In-Depth Analysis

06/03/2023·1years ago

SuiPad is the first IDO, ISO, and INO Launchpad project built on the Sui public chain. According to official sources, SuiPad will conduct OG (Private) and WL (Public) rounds of IDO on DaoMaker on May 7th and 8th. Below, veDAO will provide a detailed analysis of the project's features and innovative gameplay.

I. Introduction to SuiPad

SuiPad is a new project launch platform centered around the community within the Sui ecosystem. It is a Tier 1 project on Sui and will serve as an integrated solution for project launches on Sui through an official partnership with Mysten Labs. Its flagship product is the Suipad launchpad, which is an IDO launchpad. It provides users with the best new projects in the Sui blockchain through a unique planning process and industry access.

II. Features of SuiPad

Currently, users participating in IDO mainly face two problems: 1) Small and medium-sized retail investors lack the knowledge and ability to professionally participate in new startup projects. A large number of IDO participants have very limited knowledge of how to correctly analyze projects from different perspectives and indicators. For projects, the project side has more professional knowledge, but without professional VC investors, it is difficult for retail investors to ask more professional and objective questions. 2) Users participating in IDO find that the tokens obtained after TGE are priced lower than the IDO purchase price in the secondary market. This causes many IDO participants to suffer immediate losses after TGE, especially in bear markets in the crypto market. SuiPad provides solutions to the above problems as follows:

2.1 Sui Tank

Suitank is a reality show series, where Web3 startup projects promote their projects to VC investment groups in the form of a reality show. This is the so-called Web3 Shark Tank.

The show is composed of a group of experienced VC investors, known as "sharks," who listen to the project's business or product pitch. These VCs will evaluate the project's business model and product, and then decide whether to invest, in a live broadcast format. Participants are Web3 startup project founders, product designers, or service operators. Before the show starts, the project must specify the amount to be privately raised and the token ratio to the investor. The rules also stipulate that if the project cannot raise at least this amount from the sharks, it is a fundraising failure, and the amount raised is 0. In other words, if one or more sharks' investment offers do not exceed the amount initially set by the project, all shark invitations are invalid.

Suitank is a reality show aimed at educating the community on how to analyze projects like experienced VC investors and providing a platform for Web3 startup projects to showcase their products and raise funds. It is educational and entertaining for users. The 6 professional VC members of SuiPad communicate with project founders in a comprehensive, multi-angle, and in-depth manner, so that small and medium-sized retail participants can fully and objectively understand the true situation of the project, eliminating the disguise and subjectivity of project founders in most project promotion activities such as AMA.

2.2 SuiPad Shield Insurance

Currently, most launchpad/IDO platforms do not provide protection for users' principal after winning the lottery, which is extremely risky for IDO participants. Suipad has designed an insurance feature to protect users' principal. For example, when participating in IDO, users can choose to purchase insurance for 15% of the investment amount (note that this is the winning quota). The insurance premium will then be sent to the Suipad Shield pool. Then, the SuiPad Shield pool will compensate for any potential losses of the user's principal within the next 7 days—on the 7th day after the IDO launch, if the average highest price is lower than the IDO price, the SuiPad Shield pool will make up the difference for the user, thus protecting the user's principal well. On the other hand, if the project performs well, the user's return will be infinity% - the 15% insurance premium paid.

Insurance Protocol Mechanism

Launchpad participants can decide whether to purchase Suipad Shield.
All insurance premiums will go directly into the insurance pool.
The funds will be used to compensate for the losses of IDO investment users for 7 days. The DAO will calculate the average highest price for 7 days (UTC+0) and judge whether there is a loss and how much.
If the average highest price is lower than the IDO price, the difference will be compensated. If the insurance pool does not have enough funds to repay the debt, the funds raised by the project IDO will be used to repay the shortfall.
If the insurance pool is not used, it will be accumulated for subsequent compensation.

SuiPad Shield is an innovative insurance feature of SuiPad that protects the principal of IDO participants. IDO users can choose the insurance feature or not, and if there are multiple accounts, they can also choose to allocate part of the funds, allowing the risk-return characteristics of participating in new projects to be adjusted as desired to suit everyone's risk preferences.

2.3 Other Advantages

Suipad Academy: It is a 16-week complete online Web3 development coding boot camp designed to train users to become Web3 developers. It offers a 16-week full-time course covering front-end and back-end technologies, computer science fundamentals, and Web3 development centered around Sui Move. The remote course is interactive in real-time, including one-on-one assistance, professional guidance, opportunities to build real products, and frequent code reviews. It also helps students find jobs in the Web3 space by providing interview preparation, portfolio reviews, effective resume writing skills, and salary negotiation practices. To participate in Suipad Academy, students need to purchase $6000 worth of SUIP tokens and hold them on SuiPad throughout the 16-week learning period.

Suipad Marketing Strategy: Introduce high-quality projects to the platform for IDO through Mystenlabs and promote them through KOLs from different regions. Zealy events, OAT events on Galxe, and AMAs with Kucoin and other communities.

III. Token Staking and Tiering of SuiPad

The Suipad Tier System is one of the core features of the Suipad platform, rewarding loyal users and ensuring that users hold tokens to a certain extent for the long term. Suipad Staking and Tiering are closely related, and to qualify for a specific level, users must stake SUIP tokens on SuiPad.

Users can be divided into 6 levels based on the amount of staked tokens, namely:

Ruby: Stake 2500 SUIP
Sapphire: Stake 5000 SUIP
Emerald: Stake 10000 SUIP
Diamond: Stake 30000 SUIP
Crown: Stake 50000 SUIP
Sui: Stake 100000 SUIP

The more SUIP staked by the user, the higher the level obtained, and the larger the allocation of the winning quota when participating in any project IDO. After staking, there will be a 15-day cooling-off period (meaning the staking will be used for tier calculation if it exceeds 15 days). SuiPad will continuously adjust its tiering, weights, and allocation mechanisms to ensure the fairest distribution model.

Suipad Lock Multiplier

Suipad Lock Multiplier: Allows SUIP stakers to enjoy a higher level without staking additional tokens. When users lock their staked SUIP for a predefined period, they will be able to enjoy a multiplier of the staked SUIP. Users can choose from 3 lock options, each with a fixed multiplier:

3 months → 1.3x multiplier 6 months → 1.5x multiplier 12 months → 2x multiplier.

For example: Kelly stakes 2500 SUIP (Ruby level) and decides to lock the staked SUIP for 12 months, then she will receive a 2x multiplier for her staked SUIP, resulting in the smart contract recognizing it as 5000 SUIP (2500 SUIP x 2), so she now has a Sapphire level. After 12 months, Kelly's staked SUIP is unlocked, and her level will refresh from Sapphire back to Ruby, and she can withdraw the 2500 SUIP staked a year ago.

This Lock Multiplier mechanism allows loyal community members to obtain a higher level without staking additional tokens and also contributes to the overall governance of SUIP.

Specific Allocation of SUIP Tokens:

IV. Roadmap

Q1 2023

SuiPad launches on Tesnet
Integration of multiple wallets
Tesnet IDO for multiple projects on Sui
Ongoing marketing push and community building

Q2 2023

Official mainnet launch of SuiPad
SUIP IDO launch
Staking pool and SuiPad Shield
First batch of IDOs (4 projects)

Q3 2023

Production of the first season of SuiTank (8 episodes)
Broadcast of the first season of SuiTank
Second batch of IDOs (8 projects)
First batch of SuiPad incubation programs

Q4 2023

First session of SuiPad Academy
Second batch of SuiPad incubation
Third batch of IDOs (8 projects)

V. Team

Joe Wan, Co-Founder and CEO: Previously worked in the launchpad and listing department of a top CEX, with extensive experience in successfully financing projects.

Daffy Lau, Co-Founder and CMO: Previously worked in the marketing department of a top CEX, with extensive experience in project selection and assisting projects in listing.

David Tiser, Co-Founder and CTO: Leadership at blockchain company Cleevio, leading a team of over a thousand people, with extensive experience in web3 and defi development.

VI. Financing Information

Private Financing: On April 27th, SuiPad announced the completion of a financing round of over $1.15 million, with NGCVentures as the sponsor of this round, and participation from GBV Capital, RareStone Capital, Cogitent Ventures, Kernel Ventures, Kairon Labs, NewTribe Capital, MoonRock Capital, Extra Watts, Hype, Panony, DAO Maker, Maven Capital, Criterion, Limitless Value Capital, Autonomy Capital, and others.
Public Financing: SuiPad will conduct OG (Private) and WL (Public) rounds of IDO on DaoMaker on May 7th and 8th:
OG (Private) Round Sale: Starts on May 7, 2023, at 13:00 UTC
OG (Private) Round Price: $0.035
WL (Public) Round Sale: Starts on May 8, 2023, at 13:00 UTC
WL (Public) Round Price: $0.05
Token Distribution: May 11, 2023, at 12:00 UTC

For more information, refer to:

https://medium.com/@suipadxyz/suipad-ido-guide-5560fa802d38

The token release rules for financing are as follows:

Related Links

Website: https://www.suipad.xyz/

Twitter: https://twitter.com/SuiPadxyz

Discord: https://discord.com/invite/suipad

Telegram: https://www.instagram.com/suipadxyz/

Youtube: https://www.youtube.com/@suipad

veDAO is a decentralized investment and financing platform led by DAO, committed to discovering the most valuable information in the industry, and enthusiastic about exploring the underlying logic and cutting-edge tracks of the digital encryption field, allowing every role within the organization to fulfill its responsibilities and receive rewards.

Website: https://app.vedao.com/

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Discord: https://discord.gg/NEmEyrWfjV

Investment carries risks, and the project is for reference only. Please bear the risks on your own.